MURPHY OIL CORP
Business
Murphy Oil Corporation is a global oil and natural gas exploration and production company conducting onshore and offshore operations across the U.S., Canada, Brazil, Brunei, Côte d'Ivoire, and Vietnam. The company produces crude oil, natural gas, and natural gas liquids, with principal operations in the U.S. Gulf of America and Eagle Ford Shale, and Canadian Tupper Montney and Kaybob Duvernay fields. Murphy operates three geographic E&P segments—U.S., Canada, and Other Countries—plus a Corporate segment for unallocated costs and corporate activities.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue from sales to customers | 2,690 | 3,019 | 3,449 | 4,220 | 2,801 | |
| Gain (loss) on derivative instruments | 6 | −2 | 0 | −320 | −526 | |
| Gain on sale of assets and other operating income | 23 | 12 | 11 | 33 | 24 | |
| Total revenues and other income | 2,719 | 3,028 | 3,460 | 3,933 | 2,299 | |
| Lease operating expenses | 765 | 937 | 784 | 679 | 540 | |
| Severance and ad valorem taxes | 39 | 39 | 43 | 57 | 41 | |
| Transportation, gathering and processing | 200 | 211 | 233 | 213 | 187 | |
| Costs of purchased natural gas | 0 | 3 | 52 | 172 | 0 | |
| Exploration expenses, including undeveloped lease amortization | 112 | 134 | 235 | 133 | 69 | |
| Selling and general expenses | 137 | 110 | 117 | 131 | 122 | |
| Depreciation, depletion and amortization | 978 | 866 | 862 | 777 | 795 | |
| Accretion of asset retirement obligations | 58 | 53 | 46 | 46 | 47 | |
| Impairment of assets | 115 | 63 | 0 | 0 | — | |
| Other operating expense | 14 | 11 | 47 | 138 | 21 | |
| Total costs and expenses | 2,418 | 2,426 | 2,418 | 2,346 | 2,018 | |
| Operating income from continuing operations | 301 | 603 | 1,042 | 1,587 | 281 | |
| Other income (loss) | −22 | 71 | −9 | 14 | −17 | |
| Interest expense, net | −96 | −106 | −112 | −151 | — | |
| Total other loss | −118 | −35 | −121 | −136 | −239 | |
| Income from continuing operations before income taxes | 183 | 568 | 921 | 1,450 | 43 | |
| Income tax expense | 45 | 78 | 196 | 309 | −6 | |
| Income from continuing operations | 138 | 489 | 725 | 1,141 | 49 | |
| Income (loss) from discontinued operations, net of income taxes | 485,000 | −3 | −1 | −2 | −1 | |
| Net income including noncontrolling interest | 139 | 487 | 724 | 1,139 | 48 | |
| Less: Net income attributable to noncontrolling interest | 35 | 79 | 62 | 174 | 121 | |
| NET INCOME ATTRIBUTABLE TO MURPHY | 104 | 407 | 662 | 965 | −74 | |
| Continuing operations (in USD per share) | 0.73 | 2.73 | 4.27 | 6.23 | −0.47 | |
| Discontinued operations (in USD per share) | 0 | −0.02 | −0.01 | −0.01 | −0.01 | |
| Net income (in USD per share) | 0.73 | 2.71 | 4.26 | 6.22 | −0.48 | |
| Continuing operations (in USD per share) | 0.72 | 2.72 | 4.23 | 6.14 | −0.47 | |
| Discontinued operations (in USD per share) | 0 | −0.02 | −0.01 | −0.01 | −0.01 | |
| Net income (in USD per share) | 0.72 | 2.7 | 4.22 | 6.13 | −0.48 | |
| Cash dividends per Common share (in USD per share) | 1.3 | 1.2 | 1.1 | 0.83 | 0.5 | |
| Basic (in shares) | 143 | 150 | 155 | 155 | 154 | |
| Diluted (in shares) | 144 | 151 | 157 | 157 | 154 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 377 | 424 | 317 | 492 | 521 | |
| Accounts receivable, net | 347 | 273 | 344 | 391 | 258 | |
| Inventories | 57 | 55 | 54 | 55 | 54 | |
| Prepaid expenses | 35 | 34 | 37 | 35 | 32 | |
| Total current assets | 817 | 785 | 752 | 972 | 881 | |
| Property, plant and equipment, at cost less accumulated depreciation, depletion and amortization of $15,068,149 in 2025 and $13,811,539 in 2024 | 8,136 | 8,055 | 8,225 | 8,228 | — | |
| Operating lease assets | 805 | 778 | 745 | 946 | 881 | |
| Deferred charges and other assets | 74 | 50 | 44 | 44 | 29 | |
| Total assets | 9,833 | 9,668 | 9,767 | 10,309 | 10,305 | |
| Current maturities of long-term debt, finance lease | 3 | 871,000 | 723,000 | 687,000 | 654,000 | |
| Accounts payable | 572 | 472 | 447 | 544 | 623 | |
| Income taxes payable | 18 | 19 | 21 | 27 | 20 | |
| Other taxes payable | 28 | 32 | 29 | 23 | 20 | |
| Operating lease liabilities | 279 | 253 | 208 | 220 | 139 | |
| Other accrued liabilities | 121 | 118 | 130 | 444 | 361 | |
| Current asset retirement obligations | 42 | 48 | 11 | — | — | |
| Total current liabilities | 1,063 | 943 | 847 | 1,258 | 1,164 | |
| Long-term debt, including finance lease obligation | 1,383 | 1,275 | 1,328 | 1,822 | 2,465 | |
| Asset retirement obligations | 971 | 961 | 904 | 817 | 840 | |
| Deferred credits and other liabilities | 264 | 274 | 310 | 305 | 571 | |
| Non-current operating lease liabilities | 538 | 537 | 552 | 743 | 761 | |
| Deferred income taxes | 378 | 336 | 277 | 215 | 183 | |
| Total liabilities | 4,596 | 4,326 | 4,217 | 5,160 | 5,984 | |
| Cumulative Preferred Stock, par $100, authorized 400,000 shares, none issued | 0 | 0 | 0 | 0 | 0 | |
| Common Stock, par $1.00, authorized 450,000,000 shares, issued 195,100,628 shares at December 31, 2025 and 195,100,628 shares at December 31, 2024 | 195 | 195 | 195 | 195 | 195 | |
| Capital in excess of par value | 860 | 849 | 880 | 894 | 927 | |
| Retained earnings | 6,691 | 6,773 | 6,546 | 6,055 | 5,219 | |
| Accumulated other comprehensive loss | −554 | −628 | −521 | −535 | −528 | |
| Treasury stock | −2,073 | −1,995 | −1,738 | −1,615 | — | |
| Murphy Shareholders' Equity | 5,118 | 5,194 | 5,363 | 4,995 | 4,157 | |
| Noncontrolling interest | 118 | 148 | 187 | 154 | 163 | |
| Total equity | 5,237 | 5,342 | 5,550 | 5,149 | 4,321 | |
| Total liabilities and equity | 9,833 | 9,667 | 9,767 | 10,309 | 10,305 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Unsuccessful exploration well costs and previously suspended exploration costs | 30 | 73 | 170 | 82 | 17 | |
| Deferred income tax expense | 35 | 72 | 180 | 286 | −4 | |
| Long-term non-cash compensation | 45 | 45 | 62 | 89 | 63 | |
| Amortization of undeveloped leases | 12 | 10 | 11 | 13 | 19 | |
| Unrealized (gain) loss on derivative instruments | −2 | 2 | 0 | −215 | 112 | |
| Contingent consideration payment | 0 | 0 | −140 | 0 | — | |
| Unrealized loss on contingent consideration | 0 | 0 | 7 | 78 | 63 | |
| Other operating activities, net | −87 | −18 | −75 | −34 | −54 | |
| Net decrease (increase) in non-cash working capital | −74 | 75 | −99 | −66 | 118 | |
| Net cash provided by continuing operations activities | 1,248 | 1,729 | 1,749 | 2,180 | 1,422 | |
| Property additions and dry hole costs | −1,021 | −900 | −1,066 | −985 | −650 | |
| Acquisition of oil and natural gas properties | −29 | −8 | −36 | −129 | −20 | |
| Proceeds from sales of property, plant and equipment | 21 | 0 | 103 | 5 | 271 | |
| Net cash required by investing activities | −1,029 | −908 | −999 | −1,109 | −418 | |
| Retirement of debt | 0 | −650 | −498 | −648 | −876 | |
| Early redemption of debt cost | 0 | −16 | 0 | −8 | −39 | |
| Debt issuance | 0 | 600 | 0 | 0 | — | |
| Debt issuance cost | 0 | −10 | 0 | 0 | 0 | |
| Borrowings on revolving credit facility | 550 | 350 | 600 | 400 | 165 | |
| Repayment of revolving credit facility | −450 | −350 | −600 | −400 | −365 | |
| Issue costs of revolving credit facility | −418,000 | −15 | −20,000 | −14 | — | |
| Repurchase of common stock | −103 | −301 | −150 | 0 | 0 | |
| Cash dividends paid | −186 | −180 | −171 | −128 | −77 | |
| Distributions to noncontrolling interest | −64 | −119 | −29 | −183 | −138 | |
| Withholding tax on stock-based incentive awards | −10 | −25 | −14 | −18 | −5 | |
| Finance lease obligation payments | −1 | −665,000 | −622,000 | −636,000 | −803,000 | |
| Contingent consideration payment | 0 | 0 | −60 | −82 | 0 | |
| Net cash required by financing activities | −264 | −717 | −924 | −1,082 | −795 | |
| Effect of exchange rate changes on cash and cash equivalents | −1 | 2 | −1 | −4 | 638,000 | |
| Net increase (decrease) in cash and cash equivalents | −46 | 106 | −175 | −29 | 211 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MURPHY OIL CORP's CIK number?
MURPHY OIL CORP's SEC CIK number is 0000717423 (717423). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MURPHY OIL CORP's SEC filings?
All of MURPHY OIL CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MURPHY OIL CORP last report earnings?
MURPHY OIL CORP (MUR) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-031363). This is MURPHY OIL CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is MURPHY OIL CORP's most recent earnings 8-K?
MURPHY OIL CORP's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001628280-26-031363. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MURPHY OIL CORP's latest earnings 8-K →
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